Solved: On august 15 it sold 36 units using the fifo perpetual, Accounting Basics

On august 15 it sold 36 units using the fifo perpetual

Question - A company's inventory records report the following:

August 1	Beginning balance	18 units @ $8
August 5	Purchase	13 units @ $7
August 12	Purchase	17 units @ $8

On August 15, it sold 36 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

$116

$576

$96

$372

$288

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Accounting Basics: On august 15 it sold 36 units using the fifo perpetual

Reference No:- TGS02866018

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Accounting Basics: On august 15 it sold 36 units using the fifo perpetual

Reference No:- TGS02866018

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